EGL South Africa Clarifies its position

Alan Lowe, managing Director of EGL South Africa, has issued the following statement in response to a RapNet press release issued on 9 September 2014 regarding the suspension of EGL diamond certificates.
"Whilst i strongly agree with Martin Rapaport that action must be taken against any laboratory that issues overstated certificate and in so doing damages consumer confidence in the diamond industry, I am very disappionted that EGL South Africa was grouped with some of the other EGL laboratories around the world when it comes to ethics or grading policy. EGL South Africa(EGL SA) has been in business for 34 years and during this time has never been accused and found guilty of any wrong doing in grading of diamonds. I was the founding Managing Director of EGL SA and i have always made it my mission to ensure that we produce certificates to the highest international standards based on sound gemmological criteria. More


Multibank becomes first financial institution to secure office space in Panama Gem & Jewelry Center

Panama's Multibank has become the first financial institution to secure office space in the Phase I building of the Panama Gem & Jewelry Center. Providing a range of banking products and services, the Panama City-headquartered bank also has operations in Costa Rica and Colombia, a representative office in Peru, and is the main company in the Multi Financial Group.

The Multibank branch in the Panama Gem & Jewelry Center will offer services especially tailored for the diamond and jewelry business, and in so doing will become the first Latin American financial institution to specialize in these sectors. Its presence will enhance the range of facilities provided to professional residents of the center, which is designed to become the primary trading hub for the diamond, colored gemstone and jewelry industry in the entire region. More



International Jewellery London welcomed the jewellery industry in style last week to its new home at Olympia GRAND in London. With exhibitors reporting robust sales and visitor numbers positive, with early forecasts showing 4% up combined with a 15% increase in attendance from the Diamond Club – IJL not only reported quantity but quality from the show floor. "Our new venue proved to be the perfect setting for IJL's best show ever, with an increased number of senior key retailers and buyers attending, especially from Ireland and overseas. It provided a really stylish backdrop for the superb line-up of leading UK and international jewellers and designers to present their collections, many of whom have already signed up for 2015. As a barometer for the industry, the feedback was incredibly positive and upbeat, confirming that IJL now rivals its European counterparts," says Sam Willoughby, Event Director. More

EGL South Africa